Godawari Power and Ispat Limited (GPIL) has announced a further investment of ₹75.60 Crores in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). This investment was made on January 19, 2026, through the allotment of 7,56,00,000 Equity Shares of ₹10 each at par on a rights basis.

This funding is part of GPIL's earlier approval to invest up to ₹300 Crores in GNEPL. The funds will be utilized by GNEPL for capital expenditure and working capital requirements to establish a 20 GWh Battery Energy Storage System (BESS) Plant in its first phase. GNEPL was incorporated on June 25, 2025, and is focused on the energy sector, specifically BESS.

The acquisition is considered a related party transaction as GNEPL is a wholly-owned subsidiary. The company has confirmed that the investment was done on an arm's length basis. As of September 30, 2025, GNEPL had a net worth of ₹25.50 Crores and reported nil turnover. The operations for the BESS plant will be set up in Maharashtra.